Tangshan Port has suspended the development of two new coal terminals at its Caofeidian port area in order to deal with overcapacity.
The two coal terminals, which have total designed handling capacity of 100m tons per year, was part of the phase three expansion project of Caofeidian port area. Currently there is another 50m ton coal terminal under construction at the port area and the terminal is expected to commence operations in July.
According to Tangshan Port, Caofeidian port area currently has a coal handling capacity of 150m tons per year, and the port is facing challenges due to cargo shortage and weak demand from downstream.
Tangshan Port is a major coal shipping port in North China, it completed a coal handling volume of 140m tons in 2016, up from 135.2m tons in 2015.